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by government through fiscal policy was the real blow-up risk. so if you think of a couple places in the world that we were the most afraid of like europe, i think the actions of the ecb to at least defer the problems with the sovereigns and the bank issues in europe, if they use this time to fix the problems, we'll look back and think it's a good thing. if they deferred them, made them worse in the long term, we won't feel that way. i think something similar has happened in the united states whereby a lot of liquidity has been provided by the central bank. >> andrew, you have operations throughout all of the world. what's your sense of growth? there are troubling reports about growth slowing down which so far have been a very powerful lifeline for global growth as united states and europe weakened, particularly china where you do a lot of business. >> i don't think we're going have an '08/'09 scenario out there for the reasons lloyd was addressed. i do think the world since '08/'09 to now has not gotten to normal. of course, the obvious, which is consumption in the u.s., is not where it was.
are so heavily vested in government bonds. the report says japanese government bonds account for 24% of assets of banks in japan. the institutions could suffer heavy losses if bond prices plummet. banks around the world see japanese and u.s. government bonds as safer assets in the face of the prolonged credit crisis in europe. they snapped up japanese bonds, causing the yen to spike to record levels. imf economists note japan and the united states are facing huge deficits and the countries need to implement fiscal reforms to maintain investor confidence. it also acknowledges a decision by eurozone countries to launch a permanent fund designed to bail out struggling members. they say worries about the health of the region's financial system have increased since the spring with the need to use capital to help troubled banks in spain. >>> greece is one of the struggling eurozone members counting on bailout funds to keep it functioning. international lenders are demanding the country's politicians implement deep spending cuts in return for that aid. angela merkel traveled to athens to u
through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a complex puzzle are starting to fall into place. he said if the puzzle can be completed, then one can hope that the worst might be behind us. ron madison, nhk world, tokyo. >>> this high level gathering wouldn't have been happening here in tokyo if things had gone according to plan. accordi organizers originally decided to go in egypt. immediately raised his hand and proposed japan would host. we spoke with the vice minister of finance for international finance. >> reporter: vice minister nakoa was instrumental to bringing the meeting to tokyo. he says there are two goals he hopes to achieve during the meetings. >> in the int
. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise banks must be m playment pla -- implemented. economists point to japan as a risk. they project bank holdings of government bonds could increase to a third of total assets in five years. institutions could suffer heavy losses if interest rates rise. now the imf report suggests banks need a further boost to their balance sheets. and it said the japanese government should take tougher measures to deal with its budget probl
to their problems around the world. huddled in twos, threes, dozens, in board rooms, government buildings and hotels. hundreds have met together at annual meetings in tokyo of the international monetary fund and the world bank. and ron madison has been watching the meetings all week. ron, tell uh what is happening there today. >> reporter: we have been reporting on their, attempts to solve their economic challenges all week. in terms of reporting talking about that for quite a few years now. it is something to see hundred of people, some of the leading financial mind in the world to walk into a conference hall and all sit done together. today they filed into the plenary session at tokyo international forum and addressed the challenges of the debt crisis and the effects of that face to face. the director of the international monetary fund, challenged kol le ed colleague crisis behind them. urged them to complete the reform and in making changes urging them to remember those who are less privileged. >> there is a tough road ahead to transform your optimism. my optimism, your optimism into reality. but
a number of years in the spanish government from 1977 to 82. he was an active participant in the negotiations for spanish entry to what is now the european union, the european economic community. he also participated in a number of spanish negotiation then they got, not wto and with the european union and spain a century into the union after democracy was restored in spain and spain was welcomed into the european community process. in the last year at this government coming was minister of the presidency, played a very essential role in the entire spanish government situation. shortly after he joined banco santander and has now been there for over 20 years. he is now vice-chairman of the bank, member of the board, also member of the board of banesto, banco santander in portugal, a member of the board of a number of other financial companies in the group and is president of the print of the foundation and spain. i think we are uniquely privileged data to have a speaker from banco santander with its unique ability to see both the spanish situation, the overall banking situat
. but the spanish government complained today that move will only make things worse. >> ( translated ): what everybody needs to have in mind is that political stability is also listed on the stock exchange, and there are a lot of everyday questions for government and citizens that depend on political stability. when some actions or decisions generate political instability, it is much harder to get financing. i am not only talking about financing for public administration, but also for individuals and companies. >> sreenivasan: meanwhile, the government of greece reported unemployment reached a record of more than 25% in july. the rate among young people, 15- to-24 years old, is double that 54%. an outbreak of fungal meningitis in the u.s. has now claimed 14 lives. the centers for disease control reported the latest count today. it said a total of 170 people have been infected across eleven states. the outbreak has been linked to steroid injections for back pain that came from a specialty pharmacy in massachusetts. roughly 14,000 people received the shots. in pakistan, a 14-year-old activist
enduring presence will be, and we're working on that right now both internal to our government, but also with our nato allies. so we're trying to determine based on the agreements made in lisbon and then reinforced in chicago about what this long-term commitment will be, and it's scoped against several missions, one of which is counterterror, another of which is continuing to train and advise at some level. another is to enable other agencies of government to do their job in afghanistan. and so as we determine how to, what we'll need to accomplish those missions based on the growth of the afghan security forces, sometime early in 2013 we'll come up with a number that will define our enduring presence. and then we'll take what we have there now, which is 68,000 u.s. and about 30, 34,000 coalition partners, and we'll establish a glide slope to get from where we are to where we're going to be. and the important point is that in that question is i want to reinforce that our objectives remain both sound and achievable. as for the insider threat, as i mentioned in my prepared remarks, the insi
in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer. >> the government is introducing new requirements for seals and proofs of origin. only bottles with approve labels will be allowed for sale and export, but many think moonshiner's will just take the new labels, and the new rules come too late for vladimir. doctors say he will never see again. >> spain's regions were once the symbol of democratic progress. for a long time, the regions are prospering and all was well in spain, but that changed dramatically when the financial crisis hit. now, many regions are on the verge of bankruptcy. today, the number of spaniards who can afford it beach is dropping, so it has rediscovered an old idea. >>
the allegations and have the support of the chinese government. >> when china in the u.s. benefit from the business we do in america are, we hope the congress will monday's their opinions on prejudice but on the facts so as not to hurt bilateral trade relations. >> this is just the latest battle in a war of words over trade and economic practices. the u.s. has accused china of unfairly subsidizing renewable energy and the auto industry in china expressing complaints to the wto. clogs let's get to the u.s. election campaign. romney accused obama of failing to lead in the middle east. is going to frame his positions ahead of the next presidential debate next week. we have some analysis from our russian and correspondents in just a moment, but first tier are a few clips. >> it is our responsibility and the responsibility of the president to use our greatest power to shape history, not lead from behind the. destiny at the mercy of events. i will put the leaders of iran on notice that the u.s. and our friends and allies will prevent them from acquiring nuclear weapon capability. i will not
hollywood, big government, big journalism, and big peace, p, e, a, c, e. he became a big player what is come to be called the new media including work as editor on "the drudge report" website and yes the "huffington post". bull buckley didn't dwell in the past but he believed we should and could learn from it. he was fascinated by the rise of the new media and encouraged conservatives to become involved in it as he had in the old media. he didn't live to see it come to full fruition and andrew left us too soon for him to become a greater influence than he already has. a tribute to him that his web sites and work endure. it is my pleasure as the winner of last year's william f. buckley, jr., award to present this year's award posthumously to andrew breitbart. may he rest in peace. [applause] may he rest in peace and may his legacy live on. accepting the award is oars son dean, susie's father and with him is alley mills dean. ♪ . >> thank you. thank you very much. thank you. thank you. you may remember me. i formally went on the screen, under the name of irene dunne. at my age i have some fr
with the afghan government, which will keep american soldiers in afghanistan until 2024. do you have a sense of what the minimum number of soldiers should be going forward? >> let me clarify a couple of things. there are more than a few former administration folks here who will say that was not the total point man on afghanistan. i was involved, but share the credit with many, many others who probably had more input than i did. the first point i'd like to make about afghanistan and the big difference between a strong and mr. obama is that mr. obama set a deadline, creed, full stop. i was in kabul december 2009 when mr. obama made that speech. and i was talking to isaf people, the people from international force, you know, people who are out there getting shot at from other countries, not just our own. to a man and a woman, there were a lot of women there, they all, almost took no notice of the surge statement. what they noticed was the deadline. what our pakistani friends have noticed is the deadline. what the taliban has noted is the deadline. and everybody is playing to that deadline. incl
and global slowdown. lagarde says government can do more harm than good by cutting too far too fast. >> struggling eurozone countries should be granted more time to fix their fiscal problems according to the international monetary fund chief, christine lagarde. she said with many countries introducing drastic austerity programs at the same time, it is important to slow budget cuts, particularly in greece. >> i have said repeatedly that an additional two years was necessary for the country to actually face the fiscal consolidation program that is considered. >> the german finance minister is also in tokyo. he repeated his position that greece must stick to the cost- saving measures and timetables agreed with its international lenders. >> i think it is better for each country to try to solve its own problems and keep promises already made. if they cannot keep those promises, they must expect to be criticized for it. >> it is still not certain whether greece will qualify for its next installment of bailout funds. without the 31.5 billion euros in loans, they could be forced out of the
responding to what appear to be stray syrian shells. turkey's government has put its military on a high state of readiness. russia wants an explanation from turkey about last night's event, and syria has described the incident has an act of piracy. the cargo had been legit moot and accused the turkish authorities of using aggression against the crew before they were able to leave. >> james reynolds is in the turkish city near the syrian border. let's pick up, james, on what peter was talking about right at the end there. obviously the syrians contesting what was in this cargo. to be honest we only have the turkish authority's word for that it's imlegal? >> yeah, george, the interesting thing is is this, none of the public has seen the cargo. turkey hadn't put it on display. we have the word of the turk yirk prime minister that the cargo was objectionable. some have tried to fill in the blanks there. one newspaper says 10 containers were confiscated. but the director of syrian arab airlines, the airline that had to stop says that all the cargo was legal, and he wants it back. >> and james, now
. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey thou
the government taking 20% of the families and businesses income is enough. president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 at over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class, the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes as individuals, not as corporations. near where i come from, the canadians dropped their tax rate to 15%. the average tax rate on businesses is 25%. the president wants the top tax rate to go above 40%. two-thirds of our jobs come from small businesses. it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income earners. it has been discr
command of international affairs and his insight in the workings of government and other actors. with these gentlemen we are poised for an illuminating conversation about the world, the future and the revenge of geography. bobbit and david, over to you. >> i think you're probably not supposed to see the serious moderator by but i love this book. it's ridiculous how many yell will post its i've put in it. i'm not just doing it to flatter the teacher because i really like it and i want to try to walk the audience through this or have him what the audience through and i would like to start with a provocative opening comment. you said my reporting of for three decades convinced me we need to recover the sensibility of time and space that has been lost in the information age's when they dash across the continent which allow us to talk a lot of the distinguished columnist tom friedman labeled a flat world. instead level introduced readers to the decidedly unfashionable figures to push up against the notion that geography no longer matters. i want to ask you to start with the basics of
working for our government needs to have protection, and that is an abject failure and that should be a big thing in this election. a chocolates look at mitt romney's comments yesterday in virginia -- host: let's look at mitt romney put the comments just in virginia. [video clip] >> the attacks on america should not be seen as random act. they are a larger struggle that is played out over the middle east, a region that is in the midst of the most profound upheaval in a century. the fault lines of this struggle can be seen in benghazi. the attack on our consulate on september 11, 2012, was likely the work of forces affiliated with those that affect our homeland on september 11, 2001. the latest result can not be blamed on a reprehensible video, despite the administration's attempts to convince us of that. the administration has finally conceded these attacks were the deliver work of terrorists they use violence to impose their ideology on others and who seek to wage perpetual war on the west. guest: it is interesting. on the one hand, mitt romney was criticized for his initial respo
the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown
under bain or when you were government of massachusetts. jobs, what are you talking about jobs for? you don't know anything about jobs, 47 out of 50 and we're in a fight with this guy? he's leading now? you're kidding me! part of the reason is progressives are more honest than conservatives. when conservatives lose a debate oh, no, we won we won. i don't care, we won. what do liberals do, they said you're right we lost. >> president obama was not prepared for his huge debate. this isn't about left, right good or bad, it's about coming to work to work. >> i think he was taken aback at the brazenness. >> i believe that mr. obama took a licking last night. the public knows that. he seemed not disinterested, but uninterested. he looked as if he really would rather be somewhere else. >> when you've got to lead, try to sit on the ball in basketball and you've got the lead, when you play conservative, you often lose the lead. >> the president bizarrely just failed to show up. >> i'm showing you one of the strongest headline, a full banner based on giving it completely to romney last night. >>
to go up again. our information services and the government. gentlemen, we are out of time. we appreciate your time on the "washington journal." house of representatives is coming into session. a pro forma session. there will be no real business done today. thank you for being with us. enjoy your weekend. book tv begins on c-span 2 at 8:00 a.m. the chair lays before the house a communication from the speaker. the clerk: the speaker's rooms, washington, d.c. october 12, 2012. i hereby appoint the honorable scott desjarlais to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. sage: the prayer will be offered by the guest chap lip, dr. david r-l r. roberry institute of the religion of the church of jesus christ of latter-day saints, washington, d.c. the chaplain: let us pray. dear father in heaven, humbly we bow before thee, recognizing our dependence upon thee and seeking thy guidance in the proceedings of this, the people's house. father, we express profound gratitude that thou has established our constitution by the hands
and whether they matter. first, the world section of usa today, testimony before the house government and oversight committee -- recovered yesterday's hearing. if your interested in watching, go to our web site c-span.org to get more. in the "washington times" this morning -- these e-mails were obtained by the washington times. and an update on a story we told you about yesterday, a high court hearing oral arguments about the affirmative action case. the university of texas at austin being challenged by abigail fisher about how they admit their students. this is what richard wolfe and mary beth write -- if you are interested in the audio of the oral arguments, it will be released by the court on friday after 1:00 p.m. c-span.org to find out when we will be airing that on friday. jimmy is an independent scholar. where are you from? caller: north carolina. host: what do you think about the vice-presidential debate? caller: well, i think the vice presidential debate matters. the politics have become like a consumer item in how we package the product and substance does not really matter.
. >> do you think this attack on malala might help the pakastani government have the political will to take on the taliban? >> i just heard that the ministry and the minister of the interior are hoping this will give them the will to move the bank that has not happened and needs to happen if pakistan is to have an effective counterterrorism policy. >> are you worried that the american condemnation of the attack on malala could prove counterproductive when you are trying to help? >> we are not the only ones condemning. even those who are anti-american are condemning the attack. it may reverberate most negatively against one candidate for president, but he has held back from condemning the taliban himself for a reason that i think is very interesting. he says he is afraid they would retaliate against his workers in the region. that shows you the deaths of the year and intimidation that just a handful -- the death of the fear and intimidation that just a handful of terrorists have. they hate the teheran and fever and the attacking of innocent -- they hate the terror and fear and t
the relationship between this corporation is and the chinese government. it's been a key question. but for all of the questioning, a lot of it is conjecture. this aren't that many hard facts here, something i did ask chairman rogers about earlier today. >> we've had information from former and current huawei employees. we have both classified information. our foreign partners, australians and the british and others have passed along information they've seen whether it comes to huawei's activities which i think is a very clear indication i have no problem saying i would not use huawei equipment. i'd find other vendors. if you care about your consumer's data and the national security of the united states you need to look elsewhere. >> of course if you do believe, as i do, given my reporting on it, that the chinese are incredibly aggressive when it comes to cyber espionage, sue, and then you believe much wlaf of what is in this report, you certainly come to the conclusion if there is a telecommunications company that's becoming somewhat dominant around the globe that has the backing of or certain
. europe is a mild recession. you could argue not worse, but the government has spent 50% of the money. in asia is slower but nothing mystical or different than the newspapers. the united states is fundamentally stronger than people think much of the reasons for that a little bit later. in latin america, you know, some groups are slower, but obviously a slowdown quite a bit. >> in a show you seem sanguine about peer what about india slowing, china slowing, china slowing, china slowing and they're going they're going to need to check its good remember is to be a lot higher. they need the 7% or 8% to avoid the social unrest and to build the infrastructure. i think they're going to need that. they're going to change the leadership to be smooth and will continue former policies of the government, but they have the wherewithal. so they've got $3 trillion in reserves and capability to maintain. they move very quickly. so the stimulus package after the crisis they think was like seven months after the crisis, they did in fact, literally. so they know what they want to accomplish. i don't beli
. it means that we are helping state and local governments set up road projects and bridge projects that keep people in their jobs. and then long term, we've got to fix our health care system, we've got to fix our energy system that is putting such an enormous burden on families. you need somebody working for you and you've got to have somebody in washington who is thinking about the middle class and not just those who can afford to hire lobbyists. >> senator mccain? >> well, thank you, tom. thank you, belmont university. and senator obama, it's good to be with you at a town hall meeting. and, alan, thank you for your question. you go to the heart of america's worries tonight. americans are angry, they're upset, and they're a little fearful. it's our job to fix the problem. now, i have a plan to fix this problem, and it's got to do with energy independence. we've got to stop sending $700 billion a year to countries that don't want us -- like us very much. we have to keep americans' taxes low. all americans' taxes low. let's not raise taxes on anybody today. we obviously have to stop this spen
people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighters and park rangers across the country. republicans in the senate voted that plane down. ask them why som
at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the wall street journal." which are joined by a political reporter there. thank you for joining us. guest: thank you for having me. host: what are we looking at? guest: you can see which states we have classifie
for the launch of this government school. 3 million afghan girls are getting some education. it still leaves 2 million that have never been the class. but attitudes are changing. >> hi bring the women of afghanistan up to the level, the owner of the future. and they are the owner of all that is happening. >> it is a new era for these girls. now learning to play cricket. they have had to stay at home if the taliban were still in power. curious about me and keen to talk, but outside, they face many restrictions and uncertainty about their future after nato forces pull out. this is one example of the progress has been getting a high school in the past 10 years, but in the rural and less secure areas, there are millions that are not getting any kind of education and are under pressure to get married while still a school age. it is tough being a girl in afghanistan, but they are making a much bigger market. >> for more on the efforts of girls around the globe to get an education, i am joined by the ceo of women for women international. we have had two different sides of the same story, the girl's s
the economy and create jobs. it is estimated to create 7 million jobs. now, we think that government taking 28% of a family and business in income is enough. president obama thinks that the government ought to be able to take as much as 44.8% of a maul business's income. look, if you passed every person and successful small business making over $250,000 at 100%. they would only run the government for 98 days. if everybody who paid income taxes last year doubled their income taxes last year we would still have a $100 billion deficit. aren't enough rich people to tax to pay for all of their spends. so the next time you hear them say don't worry about it. watch out, middle class, the tax bill is coming to you. that's why we're saying we need million tax reform. out of ten businesses filed their tax as individuals not corporations. the canadians dropped their tax rates to 15%. the average tax rate on businesses in industrialized world is 25%, and the president wants the top effective tax rate on successful small businesses to go above 40%. two-thirs of our jobs come from smal
is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of reference. how would libya look like somalia. not just a black hawk down incident, not just a benghazi incident, but other dimensions as well. and i think what he meant was probably this: that militia leaders are going to transition into warlords, that some parts of the country are going to fall to islamists akin to somalia, that other parts of the country will be relatively manageable like puntland or somaliland, but they're going to
loans that ultimately cost the federal government hundreds of millions of dollars in insurance claims. wells fargo is alleged to abuse the federal housing ministration program by recklessly handing out loans and forcing the government to foot the bill when borrowers could not pay. in a statement, a u.s. attorney in new york said -- the suit comes two months after wells fargo agreed to pay a settlement for at least $175 million for discriminating against african-american and latino borrowers. the head of turkey's military is ruling to respond with more attacks if mortar fire from syria continues to hit turkish territory. speaking earlier today, turkey's chief of staff said turkish forces would use "greater force" in the event that shelling from syria hits the turkish side of the border turkey has launched strikes inside syria and deployed additional troops to its border after shelling last week from syria killed five turkish civilians. at a summit in belgium, the nato secretary general said his military alliance is prepared to act against syria to defend turkey, but declined to specify
in yours? is government regulation to blame? for mitt romney calling the president pass it when it comes to foreign policy. a complete analysis. welcome to "the willis report." hello, everybody. i'm gerri willis. the united states and china on the verge of a new high-stakes, high-tech war that some say we are already losing. an explicit congressional report a year in the making out today blasting to of china's biggest telecom companies saying they cannot be tested and should not be doing business in this country. the two companies are accused of a host of illegal activities that include everything from bribery and corruption to emigration fraud. what does it mean to make joining me now, k. t. mcfarland and former dick be secretary of defense and china expert gordon chang, author of the coming collapse of china. i cannot imagine a better panel. i am going to start with you. reading you some of the results from this report. chinese actors are also the world's most active and persistent perpetrators of economic espionage. u.s. private sector firms and cyber security specialists reported ong
this in syria. so something going on as we speak. the u.s. government did this with libya. basically arming the opposition. and you know, your men ri's men ri is only my friend for so long. is that a wise approach? >> no. i have spent time on this issue. there's no doubt providing nonlethal communication support is extraordinary important and secretary clinton announced massive amount of humanitarian assistance and ku dos to the administration for doing that. the real problem here is that there's this struggle within the romney campaign itself over syria between neo-conservatives to militarily intervene and those who actually are more reticent and the problem is that mr. romney flip flops between one group and the other and can't quite decide which one is more important. the bottom line, however, for purposes of american interest in the middle east, arming a rag tag group of rebels at this point in time is inconsistent with understanding when's going to emerge of syria in the long run. one of the reasons why i'm reticent is because we don't really know who the rebels are. some of them are a
to continue to fund and support these governments. i think that's a very legitimate point. but on the one hand, he says -- you know, he blames obama for whatever tension there is in the u.s./israel relationship today and i would argue there's very little tension in the state-to-state relationship but a lot of tension between the prime minister of israel and the president of the united states. but all of that is entirely obama's fault. anything that's wrong with the u.s./israel relationship is obama's fault. the fact that the prime minister of israel has continued with a settlement policy which is extremely controversial in israel somehow comes no where into the equation. so we're supposed to believe on the one hand that america's supposed to lead the arab world from the front with one hand while adopting a policy toward israel that is more pro-israeli than anything any government in washington has articulated for a long time. how the two of them will go together i don't know. and for good measure, though-- and i think this is praiseworthy-- governor romney has called for a palestinian state an
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